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Interested to see how anyone can pick holes in this excellent news
Union Jack Oil plc (AIM: UJO, OTCQB: UJOGF), a UK and USA focused onshore hydrocarbon production, development and exploration company, is pleased to announce the appointment of Craig Howie as an independent Non-Executive Director with effect from 22 April 2024. The Company also announces that Raymond Godson, Non-Executive Director, will retire from the Board following the Annual General Meeting to be held on 27 June 2024.
To facilitate his appointment to Union Jack's Board, Craig will shortly be stepping down from his current role as lead E&P analyst at Shore Capital, where he has had responsibility for oil and gas equity research for 14 years. Craig has been actively involved with Union Jack since its IPO in 2013 and has wide-ranging financial markets experience. He previously spent five years at Blue Oar Securities, where he became a director of equity research and spent two years on secondment at subsidiary Rowan Dartington's headquarters in Bristol. He holds several securities industry qualifications and is a member of the Society of Petroleum Engineers.
Https://ujoukus.com/yet-another-positive-rns-for-the-uks-best-onshore-uk-oiler/
Pboo I have zero respect for you advice thank you Please save yourself some time and focus on something else. Our financial welfare is of no concern to you and your attacks on UJO are as transparent as can be
Its all a bit you know desperate? Lets see how you feel in a couple of weeks time.....
But you are a sad little man?
Take a step back and look at what your doing here? OR if you have a wife/partner, and I suspect not, let them have a read of the thread and ask their opinion on your actions Let us know how that goes please?
Hi there LAW. There isn't a US equivalent of a FDP (field development plan) in most cases for the simple reason that the Crown doesn't own the mineral rights as it does in the UK. Where the land owner owns these rights, or has given them up or sold them to an OilCo, and so has only a royalty interest in them, the OilCo is usually able to press on very promptly to get a one well oil discovery on stream and into the tanks. Coupled with that, in a well explored / developed area like Seminole County, Oklahoma, there are numerous spurs to nearby oil tank farms, so it's not very far to truck the oil. There will also be numerous gas lines in many areas too. So I'm not too worried about selling the gas, rather than flaring it. It's so different to the UK. As to reserve size, typical Hunton discoveries these days seem to contain in the region of 50,000 to 100,000 barrels in the small remaining areas of this particular play but, even so, they're very economic, with a fast payback, even if individually quite small. We don't know much about the discovery yet but it's likely that the operator is now scurrying around tying up adjacent areas of interest, and so doesn't want to give the game away just yet. All this IMO, of course!